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Council of Financial Regulators

Safe and Effective Competition in Cash Equity Settlement in Australia

The Council of Financial Regulators (CFR) and the Australian Competition and Consumer Commission (together, the Agencies) have released a consultation paper: Safe and Effective Competition in Cash Equity Settlement in Australia (Consultation Paper).

The purpose of this consultation is to explore possible implications of competition in settlement of cash equities in Australia for the functioning of markets, financial stability and access, and to invite feedback on the development of policy guidance to ensure that any such competition is safe and effective. This consultation does not review the policy case for competition in settlement, noting that the government has previously endorsed a position of openness to competition in both clearing and settlement.

The Agencies invite views on the issues raised in relation to the need for policy guidance with respect to competition in settlement of cash equities in Australia as outlined in the Consultation Paper.

The closing date for submissions is 20 April 2017.

For further details, please see the CFR consultation paper: Safe and Effective Competition in Cash Equity Settlement in Australia.

Members of the Council of Financial Regulators

Reserve Bank of Australia logo

Australian Prudential Regulation Authority  logo

Australian Securities and Investments Commission  logo

The Treasury logo